Sorrell forecasts 2% growth for WPP this year

LONDON - Sir Martin Sorrell has upped the forecast of WPP from flat to 2% growth for the year following three months of "stabilisation" today.

The WPP leader said the group had seen sequential monthly improvements since the start of the year, culminating in "a little bit of growth" of 1% in March.

WPP reported revenues of £2.1bn, down 1.82% year on year, during the first quarter of 2010.

In an interview with CNBC he also admitted "sequential growth" is expected to continue in April, May and June.

In the interview, which follows WPP’s trading statement issued today, Sorrell is also questioned on whether WPP will return to Britain if the Conservatives are elected.

Sorrel does not confirm or deny a move. He said: "If it's on the basis of a manifesto we couldn’t make a decision. It's not consultation.

"What we need is a guarantee that overseas profits will not be taxed. That's what drove us to Dublin."

Topics

Subscribe to Campaign from just £37 a quarter 

Get the very latest news and insight from  Campaign with unlimited access to Campaignlive.co.uk

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Job description: Digital marketing executive
Shares0
Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

Just published

More